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Ethiopia's economy experienced strong, broad-based growth averaging 9.4% a year from 2010/11 to 2019/20. Ethiopia's real gross domestic product (GDP) growth slowed down to 6.1% in 2019/20 due to the COVID-19 pandemic. [77] Industry, mainly construction, and services accounted for most of the growth.
The relationship between Ethiopia and the World Bank was formalized on December 27, 1945. [1] Ethiopia's first projects approved by the World Bank supported the building of infrastructure such as roads and highways during the 1950s. Ethiopia first sought a loan for "Highway Project (01)", which was approved on September 13, 1950.
The following table provides information on consumer price indices (CPI) with base year 2010 and, in addition, annual growth rate indicator, based on data published by World Bank. [4] [5] After 2016, World Bank excluded Venezuela from the calculation of regional and world aggregations due to its exceptionally high rate of inflation.
The World Bank says emerging and developing countries are feeling the pinch of higher prices as well, and are already tightening policies to tamp down on inflationary pressures.
Misery index (economics) The misery index is an economic indicator, created by economist Arthur Okun. The index helps determine how the average citizen is doing economically and is calculated by adding the seasonally adjusted unemployment rate to the annual inflation rate. It is assumed that both a higher rate of unemployment and a worsening of ...
May 2, 2024 at 12:06 AM. [Getty Images] The US central bank again said it would keep interest rates unchanged, noting a "lack of further progress" toward lowering inflation. The decision left the ...
Monetary policy is the policy adopted by the monetary authority of a nation to affect monetary and other financial conditions to accomplish broader objectives like high employment and price stability (normally interpreted as a low and stable rate of inflation ). [1] [2] Further purposes of a monetary policy may be to contribute to economic ...
The figures amounted to a blow for Fed officials who had been hoping to begin cutting interest rates with inflation steadily fading from its four-decade high in 2022 of 9.1%. While the core PCE ...